Gold Bullion Imports Into China via Hong Kong More Than Doubles in March
Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department.
China’s net-gold imports rose to its best since May 2016. Total gold imports rose to 116.68 tonnes in March from 49.026 tonnes in February.
Both total and net imports in March rose for a second straight month.
Gold has risen over 10 percent so far this year, driven by geopolitical worries.
Gold bullion is often seen as an alternative investment during times of political and financial uncertainty.
Gold prices eased on Tuesday as investor sentiment remained skewed towards riskier assets in the wake of the French election results last weekend, though concerns over tensions on the Korean peninsula limited the safe-haven metal’s losses.
Full article on Reuters here
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News and Commentary
Gold Prices (LBMA AM)
26 Apr: USD 1,264.95, GBP 986.79 & EUR 1,160.21 per ounce
25 Apr: USD 1,270.50, GBP 990.48 & EUR 1,165.81 per ounce
24 Apr: USD 1,271.80, GBP 991.11 & EUR 1,169.42 per ounce
21 Apr: USD 1,281.50, GBP 1,000.85 & EUR 1,197.31 per ounce
20 Apr: USD 1,279.90, GBP 996.91 & EUR 1,188.00 per ounce
19 Apr: USD 1,282.05, GBP 999.74 & EUR 1,196.79 per ounce
18 Apr: USD 1,285.00, GBP 1,025.82 & EUR 1,205.46 per ounce
Silver Prices (LBMA)
26 Apr: USD 17.59, GBP 13.72 & EUR 16.15 per ounce
25 Apr: USD 17.84, GBP 13.92 & EUR 16.40 per ounce
24 Apr: USD 17.81, GBP 13.90 & EUR 16.40 per ounce
21 Apr: USD 17.98, GBP 14.05 & EUR 16.80 per ounce
20 Apr: USD 18.19, GBP 14.21 & EUR 16.91 per ounce
19 Apr: USD 18.22, GBP 14.19 & EUR 16.99 per ounce
18 Apr: USD 18.42, GBP 14.56 & EUR 17.27 per ounce
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